This morning in metals news, U.S. steel shipments in November surged on a year-over-year basis, the next chief of Nippon Steel and Sumitomo Metals Corp. hopes to make the company the world’s No. 1 producer and U.S.-China trade talks could formally continue later this month. Need buying strategies for steel? Request your two-month free trial […]
Category: Ferrous Metals
This Morning in Metals: U.S., China Conclude Round of Trade Talks This Week
This morning in metals news, trade delegations from the U.S. and China concluded talks this week, the E.U. is expected to impose steel import curbs and copper rises to a one-week high. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S-China Trade Talks The new year has begun with dialogue. […]
Stainless MMI Loses Nearly 8% as LME Nickel, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) dropped five points this month, losing 7.6% and currently standing at a value of 61. The current index sits just above the August 2017 level of 59 points, when LME nickel prices touched support and rebounded. The drop came as a result of lower LME nickel prices and […]
This Morning in Metals: Aluminum Market Distortions, Nucor Plate Mill and Small Business Concerns
This morning in metals, we’re tracking the following stories. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Global aluminum value chain under fire from China. The OECD has released a report titled “Measuring distortions in international markets: the aluminum value chain,” in which the organization places particular emphasis on unfairly subsidized aluminum […]
Raw Steels MMI: Domestic U.S., China Steel Prices Still Falling
The Raw Steels Monthly Metals Index (MMI) fell again this month, dropping to 79 points. The current MMI index has fallen toward October 2017 levels of 79, before global steel prices started to rise sharply. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The recent slowdown in domestic steel price […]
This Morning in Metals: MFRs with China Operations, Beware — State Dept. Issues Travel Advisory
This morning in metals, we’re tracking a travel advisory for China issued yesterday by the U.S. Department of State — which could impact manufacturers and suppliers who have individuals traveling to and from China for business. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Exercise Increased Caution” Issued yesterday, the […]
Automotive MMI Falls to 17-Month Low as Producers Pray for China Rebound
The Automotive Monthly Metals Index (MMI) fell 3.2% to a value of 92 this month, its lowest level in 17 months. After riding high during mid-2017, above the baseline of 100, the Automotive MMI sub-index — tracking a basket of industrial metals and materials crucial to the automotive sector — has been in a continued overall […]
Construction MMI Holds Steady Amidst Government Shutdown, Trump’s Border Wall Hopes
The Construction Monthly Metals Index (MMI) stemmed last month’s seven-point loss by leveling out for the January 2019 reading. Our Construction MMI sub-index — tracking a basket of industrial metals, materials and other indicators crucial to the construction sector — stayed at a value of 82, holding steady from December’s reading. The constituent metal and material […]
New Report: What Falling Oil Prices and Weak U.S. Dollar Mean for Industrial Metals
MetalMiner has just released its January 2019 edition of the Monthly Metal Buying Outlook, in which we explore how the fall in commodities — namely crude oil prices — and the continued weakness of the greenback are driving industrial metals prices. What Happened Over the Last Month? According to the report, Both commodities and base […]
This Morning in Metals: Steel Tariff Exceptions Sowing Confusion, OCTG Market Forecast Looking Good
This morning in metals, we’re tracking the practical effect of the steel tariffs, what China’s recent overall manufacturing slowdown could portend, and a positive outlook for oil and natural gas pipe demand. Steel Tariff Exceptions Being Granted, But Still Confusing Buyers The Wall Street Journal reports that even though “the Commerce Department as of Dec. […]
